The DSEX showed a positive trend on Wednesday, gaining 60 points to reach 5,302 points. This marks the second consecutive session of gains for the benchmark index. Large-cap stocks, including Beximco Pharma, Robi, Grameenphone, and BAT Bangladesh, led the charge and contributed significantly to the surge in the index.
Robi saw a notable increase of around 10%, reaching Tk23.40, while Grameenphone and Beximco Pharma also witnessed gains. The capital market extended its recovery mode for the second consecutive session, with the benchmark index crossing the 5,300 mark after a month.
Investors seeking tax benefits contributed to the increase in market participation, with daily turnover on the DSE crossing the Tk600-crore mark after 40 days. Pharmaceutical issues exerted the highest turnover, followed by the food and textile sectors.
Most sectors displayed positive returns, with telecom, engineering, and cement sectors gaining significantly. Heidelberg Materials topped the gainers’ table, while Linde Bangladesh was the top loser due to legal issues.
Overall, the market showed signs of recovery and optimism, with investors showing interest in lucrative scrips. DailyBubble sees this as a positive development for the capital market and hopes for sustained growth in the coming days.